FDA Nod to Animal-Free Dairy Proteins: A New Milestone
In a historic move that could redefine the global dairy landscape, the U.S. Food and Drug Administration (FDA) has granted a “No Questions Letter” to French biotech company Verley for its precision-fermented dairy proteins. The two approved products—FermWhey™ Native and FermWhey™ MicroStab—are identical to conventional whey proteins found in cow’s milk but produced entirely without…
HUL ice-cream business demerger clears first hurdle after board nod
The board of directors of Hindustan Unilever (HUL) on Monday gave an in-principle approval to demerge the ice-cream business into an independent listed entity. Subject to necessary approvals and procedures, shareholders of HUL will receive shares in the new entity in proportion to their shareholding in the company, HUL said in a release. For the…